Orion, Stoneshield, and Adar-backed Neinor completed the acquisition of a 79.2% stake in AEDAS for €738.4m.

Orion, Stoneshield, and Adar-backed Neinor, a Spanish residential real estate developer, completed the acquisition of a 79.2% stake in AEDAS, a Spanish real estate developer specializing in the construction and sale of newly built residential properties, for €738.4m. "This is a once-in-a-cycle opportunity to reshape the Spanish residential market. The combination of two best-in-class platforms comes at a pivotal moment - capitalizing on optimal market conditions and positioning Neinor as the go-to platform for institutional investors - both private and public, seeking exposure to the strong fundamentals of Spain’s housing sector," Borja García-Egotxeaga, Neinor Homes CEO.